BEL pays Rs. 64.41 Cr Final Dividend to Govt

New Delhi, November 15, 2018: Navratna Defence PSU Bharat Electronics Ltd (BEL) has paid a total dividend of 200% to the Government of India for FY 2017-18.

Mr M V Gowtama, Chairman & Managing Director, BEL, presented the 40% Final Dividend cheque for Rs. 64,41,62,053.20/- (Rupees Sixty-four crores Forty-one lakhs Sixty-two thousand Fifty-three and paise Twenty only), for the year 2017-18, payable on the shares held by the President of India and Government nominee, to the Hon’ble Raksha Mantri, Mrs Nirmala Sitharaman, at New Delhi today, November 15, 2018. The Interim Dividend of 160% (on face value of Re. 1 per equity share) was paid to the Government of India in February 2018.

Mr M V Gowtama, CMD, BEL, presenting the 40% Final Dividend cheque for Rs. 64,41,62,053.20/- (Rupees Sixty-four crores Forty-one lakhs Sixty-two thousand Fifty-three and paise Twenty only) for the year 2017-18, payable on the shares held by the President of India and Government nominee, to the Hon’ble Raksha Mantri, Mrs Nirmala Sitharaman, at New Delhi today, November 15, 2018. Also seen in the picture are (Left-Right) Mr M M Joshi, Executive Director (National Marketing), BEL, Mr Koshy Alexander, Director (Finance), BEL, Dr Amit Sahai, Joint Secretary (P&C) & Part-Time Government Director on the BEL Board, and Mr Barun Mitra, Additional Secretary (Defence Production). BEL has paid a total dividend of 200% to the Government of India for FY 2017-18.

BEL contributes Rs. 1.72 crores to Kerala CM’s Flood Relief Fund

Bangalore, October 13, 2018: The employees of Navratna Defence PSU Bharat Electronics Ltd (BEL) have contributed an amount of Rs. 1.72 crores to the Kerala Chief Minister’s Relief Fund for relief work in flood-hit areas of Kerala.

BEL registers 35 % growth in 2nd Quarter of FY 2018-19

Navratna Defence PSU Bharat Electronics Limited (BEL) has during the second quarter of FY 2018-19, achieved a robust growth in turnover and consequently recorded a healthy growth in profit as compared to the 1st Quarter of current year and corresponding quarter of the previous year.

The Company has achieved a Turnover of Rs. 3282.40 Cr, during the 2nd quarter of FY 2018-19, registering a growth of about 35 %, over the Turnover of Rs. 2431.73 Cr recorded in the corresponding period of the previous year.

Profit After Tax (PAT) during the 2nd quarter of FY 2018-19 stood at Rs. 571.31 Cr, registering a growth of about 39 % over the Profit After Tax (PAT) of Rs. 412.39 Cr recorded in the corresponding period of the previous year.

Performance for Six months’ period

The Company has achieved a Turnover of Rs. 5360.24 Cr, up to First Half of the FY 2018-19, registering a growth of about 27 % over the Turnover of Rs. 4204.56 Cr recorded in the corresponding period of the previous year.

Profit After Tax (PAT) for the First half of FY 2018-19 stood at Rs. 751.04 Cr, registering a growth of about 40% over the Profit After Tax (PAT) of Rs. 537.71 Cr recorded in the corresponding period of the previous year.

The company received new orders worth Rs 14338 Cr during the first half of the current year and the order book position of the company as on 1st October, 2018 stood at Rs. 48995 Cr.

BEL contributes Rs. 50 lakhs to Karnataka CM’s Flood Relief Fund

Bangalore, October 9, 2018: The employees of Navratna Defence PSU Bharat Electronics Ltd (BEL) have contributed an amount of Rs. 50 lakhs to the Karnataka Chief Minister’s Relief Fund for relief work in flood-hit areas of Karnataka.

BEL CMD conferred Manufacturing Today Hall of Fame Award

Mr Gowtama M V, Chairman & Managing Director, Bharat Electronics Ltd (BEL), has been conferred with the ‘Hall of Fame Award’ by Manufacturing Today. In addition, BEL’s PD&IC group won the ‘Excellence in Innovation Award’ for their innovative design and development of Laser Warning Sensor.

Cdr (Retd) Sanjiv Bhende, AGM (Regional Office-Mumbai), received the awards on behalf of Mr Gowtama M V and BEL at the awards ceremony held at Mumbai on September 21, 2018.

BEL order book crosses Rs. 50K Cr mark

A Rs. 9,200 crore order for supply of seven Long Range Surface-to-Air Missile (LRSAM) systems has pushed the order book of BEL beyond Rs. 50,000 crore for the first time in history of BEL as on September 5, 2018.

The Company is confident that this is just a beginning and is looking at maintaining a healthy order inflow with business segments such as Radars & Weapon Systems, Electronic Warfare Systems, Fire Control Systems, Communication Systems and C4I Systems driving its growth in the coming days.

Highest ever single value order

BEL has entered into contracts worth about Rs. 9,200 crore with Mazagon Dock Limited (MDL) and Garden Reach Shipbuilders and Engineers (GRSE) to supply LRSAM systems to be fitted onboard seven ships to be built by these two shipbuilders. This is the highest-ever single value order bagged by BEL. Mrs Anandi Ramalingam, Director (Mktg), signed the contracts on behalf of BEL with MDL and GRSE.

As the lead integrator of Akash Missile system, BEL has already proven its prowess in the realm of Turnkey Missile Systems. The Company is now geared up for futuristic programmes such as the Quick Response Surface to Air Missile (QRSAM) for the Army, Medium Range Surface to Air Missile (MRSAM) for the Indian Air Force and Long Range Surface to Air Missile (LRSAM) for the Indian Navy. BEL is the lead integrator of LRSAM systems for the Navy’s P-17A stealth frigates.

BEL will continue its indigenisation efforts in line with the ‘Make in India’ initiative. Strategies and action plans are in place to face competition, maintain its technological edge and retain its leadership position in strategic electronics.

Mrs Anandi Ramalingam, Director (Mktg), Mr D R Kulkarni, ED (PSC), MDL, Mumbai, and Mr Venkatesh Murthy, GM (Material), GRSE, Kolkata, pose for a photo along with other officers after signing contracts on behalf of BEL, MDL and GRSE, for supply of LRSAM systems to be fitted onboard seven ships to be built by MDL and GRSE.

Navratna Defence PSU Bharat Electronics Ltd (BEL) has achieved a major milestone in the realm of information security with its Information Systems (Corporate) Division bagging the ISO-27001 ISMS certification. The certification has been awarded by Bureau Veritas, an international certification agency, in recognition of the stringent Information Security Management System (ISMS) integrated by BEL into all its business processes.

Mr Gowtama M V, Chairman and Managing Director, BEL, received the accreditation certificates from Mr V Sankarasubramanian, Area Manager, Bureau Veritas, at a function held at BEL Corporate Office in Bengaluru on September 11, 2018.

ISMS is a framework of policies and procedures, which includes all legal, physical and technical controls, involved in an organisation’s information risk management processes. It is a systematic approach including people, processes and IT systems to ensure that sensitive company information remains secure.

ISO-27001 is the best-known standard in a family of more than a dozen standards providing requirements for ISMS. The ISO certification is testimony to the fact that information security is one of the cornerstones to BEL’s business activities.

BEL receives 4 PSE Excellence Awards

Bangalore, August 30, 2018: Navratna Defence PSU Bharat Electronics Ltd (BEL) has been conferred with four PSE Excellence Awards (2017), instituted by the Indian Chamber of Commerce (ICC): ‘Company of The Year’ award and 3 more awards in the Maharatna & Navratna category for ‘Human Resource Management Excellence’, ‘R&D, Technology Development & Innovation’, and ‘Operational Performance Excellence’.

The awards were received on behalf of BEL by Mr M M Joshi, Executive Director (National Marketing), BEL, from Dr Ajay Dua, former Secretary, Ministry of Commerce, Government of India, at the awards ceremony held on August 29, 2018, at New Delhi.

The award citation for the 'Company of the Year' award describes BEL as ‘not only a successful business story, but also an organisation which cares for its people and the society’. On the Human Resource Management front, BEL has formulated its HR policies with care to ensure retention of competent human resources and develop high commitment and a sense of belongingness to the Company. Research & Development has been one of BEL’s core strengths. The Company’s investments in R&D — Rs.988 crores, has paid off as 89% of BEL’s turnover in 2017-18 accrued from indigenous technology. The motto of BEL is Quality, Technology, Innovation and the Company has been maintaining its edge as the country’s leader in Defence electronics due to its technological prowess and the emphasis that it lays on Quality and Innovation.

Mr M M Joshi, Executive Director (National Marketing), BEL, receiving the Indian Chamber of Commerce PSE Excellence Awards for BEL from Dr Ajay Dua, former Secretary, Ministry of Commerce, Government of India, at the awards ceremony held on August 29, 2018, at New Delhi.

Bangalore, August 14, 2018: Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed a Technical Collaboration Agreement (TCA) with CSIR-NAL for the design and engineering, production and commercialisation of Electronic Target System (ETS), a modern training aid meant for enhancing marksmanship of Defence and Paramilitary forces during live firing exercises on the field.

The agreement, which heralds a new beginning in the ties between BEL and CSIR labs for developing products targeting niche market segments, was signed by Mrs Anandi Ramalingam, Director (Marketing), BEL, and Mr Jitendra J Jhadav, Director (CSIR-NAL), in the presence of Mr Gowtama M V, Chairman & Managing Director, BEL, and other senior officers of BEL and CSIR-NAL, at BEL-Corporate Office in Bengaluru on August 14, 2018.

Designed by CSIR-NAL, ETS is a technically superior and cost-effective solution for Police, Paramilitary and Defence personnel looking at acquiring sharp shooting skills in small fire arms as well as honing their proficiency in tactical field firing. With this technology, BEL is targeting a market of about 1500 lanes.

Presently, after firing a shot, a shooter is unable to instantly gauge if he has hit or missed the target and by what margin and needs to move near the target to examine the results. ETS helps in instantly providing the hit location through a display, positioned beside him.

CSIR-NAL has developed two technologies for Electronic Target System — Detection and Hit Visualisation using Acoustic N-wave Identification (DHVANI) and Acoustic Based Hit Identification and Analysis System (ABHIAS) — using which the shooter can instantly see, after each shot, the result on an electronic display placed nearby. This enables the shooter to constantly self-monitor his progress and take remedial steps to improve his accuracy.

About CSIR-NAL
National Aerospace Laboratories (NAL), a constituent of the Council of Scientific and Industrial Research (CSIR), India, established in the year 1959 is the only government aerospace R&D laboratory in the country’s civilian sector. CSIR-NAL is a high-technology oriented institution focusing on advanced disciplines in aerospace. The mandate of CSIR-NAL is to develop aerospace technologies with strong science content, design and build small and medium-size civil aircraft and support all national aerospace programmes.

(Left-Right) Mr Jitendra J Jhadav, Director (CSIR-NAL), Mr Gowtama M V, Chairman & Managing Director, BEL, and Mrs Anandi Ramalingam, Director (Marketing), BEL, display the Technical Collaboration Agreement (TCA) signed between BEL and CSIR-NAL for the design and engineering, production and commercialisation of Electronic Target System (ETS), a modern training aid meant for enhancing marksmanship of Defence and Paramilitary forces during live firing exercises on the field, at BEL Corporate Office in Bengaluru on August 14, 2018.

BEL registers 23% growth in turnover during Q1 2018-19

BANGALORE, July 31, 2018: Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a Net Turnover of Rs.2077.84 Cr, during the 1st quarter of FY 2018-19, registering a growth of about 23%, over the Net Turnover of Rs. 1694.55 Cr recorded in the corresponding period of the previous year.

Profit Before Tax (PBT) during the 1st quarter of FY 2018-19 stood at Rs. 250.21 Cr, registering a growth of about 40% over the Profit Before Tax (PBT) of Rs. 179.27 Cr recorded in the corresponding period of the previous year.

Profit After Tax (PAT) during the 1st quarter of FY 2018-19 stood at Rs. 179.73 Cr, registering a growth of about 43% over the Profit After Tax (PAT) of Rs. 125.32 Cr recorded in the corresponding period of the previous year.

The order book position of the company as on 1st July, 2018, stood at Rs. 41645 Cr.

BEL has joined hands with Saab, Sweden and USA, to market the Long Range Air Surveillance Radar, a cost-effective L Band three dimensional (3D) radar, for early detection and tracking of air and surface targets, thereby enabling engagement of fire control systems to neutralise the same. RAWL-03 will be offered in both ship-borne and land-based configurations. The system is based on the state-of-the-art GaN TR Module technology and incorporates the latest Signal Processing techniques.

Saab serves the global market with world-leading products, services and solutions in military defence and civil security. Saab has operations and employees in all continents around the world. Through innovative, collaborative and pragmatic thinking, Saab develops, adopts and improves new technology to meet customers’ changing needs.

(Left-Right) Urban Lennheimer, Vice President and Head of Business Unit (Surface Radar Solutions), Saab; Kiran V, General Manager (International Marketing), BEL; and David Kovarik, Vice President (Sales and Product Management), Saab; signing the MoU on behalf of Saab and BEL for jointly marketing the L-Band 3D Air Surveillance Radar, RAWL-03.

(Left-Right) The Saab team poses for a photo with (standing fourth from left) Kiran V, General Manager (International Marketing), BEL, after signing of the MoU between Saab and BEL for jointly marketing the L-Band 3D Air Surveillance Radar, RAWL-03. They are Asa Axelsson, Urban Lennheimer, Vice President and Head of Business Unit (Surface Radar Solutions), Ted Ackerstierna, Lars Tossman, David Kovarik, Vice President (Sales and Product Management), Daniel Forsberg, Anna Lindbom, Johan Wretman, Manod Jinnuri, Jose Mera and Santhosh Kumar.

Smt Nirmala Sitharaman handed over the symbolic key of the Representative Office of BEL at Vietnam (VIRO) to Mr Gowtama M V, Chairman & Managing Director, BEL, during the Vietnam-India Defence Industry Business Meeting held at Hotel Melia, Hanoi, today, in the presence of His Excellency Mr P Harish, Ambassador of India to the Socialist Republic of Vietnam, Dr Ajay Kumar, Secretary (Defence Production), and other senior officials of India and Vietnam Defence forces. VIRO is located in close proximity to the Embassy of India, Vietnam, on the 10th Floor of TNR Tower, Hanoi.

BEL, India’s leading Defence electronics company, is fast expanding its global presence, putting its best foot forward to give a thrust to exports worldwide, especially South East Asian countries such as the Republic of Union of Myanmar, Indonesia, Malaysia, Thailand and Philippines. Spotting a niche market in Vietnam, BEL has now set up its first Representative Office at Vietnam for addressing export business opportunities and to provide unstinted product support and services to users in the region. The Representative Office will aim to promote BEL’s exports in areas such as Weapon Systems, Radar Systems, Naval Systems, Military Communication Systems, Electronic Warfare Systems, Combat Management System and Coastal Surveillance System.

Photo caption: The Hon’ble Defence Minister, Smt Nirmala Sitharaman, inaugurating the first Representative Office of BEL in Vietnam by handing over the symbolic key to Mr Gowtama M V, CMD, BEL, during the Vietnam-India Defence Industry Business Meeting held at Hotel Melia, Hanoi, today. His Excellency Mr P Harish, Ambassador of India to the Socialist Republic of Vietnam, Dr Ajay Kumar, Secretary (Defence Production), and other senior officials are seen.

ASHISH KANSAL

SR DGM (CORPORATE COMMUNICATION)

BEL celebrates International Yoga Day

Bengaluru, June 21, 2018:More than 1,800 employees, trainees and volunteers of BEL joined in front of the Bangalore complex to celebrate the spirit of International Yoga Day 2018 at the crack of dawn today.

Donning special blue T-shirts which were distributed on the occasion, employees and senior officers enthusiastically participated in the mega event performing various Yogasanas and doing Pranayama along with the Chairman & Managing Director Mr Gowtama M V, Mr Nataraj Krishnappa, Director (Other Units) and Mr Koshy Alexander, Director (Finance). The participants were guided by qualified Yoga practitioners of the Company.

Mr Gowtama M V, CMD, in his inaugural speech emphasised the importance of practicing Yoga in daily life, pointing out that a “healthy employee contributes to the prosperity of the Company as well as and the nation”. The programme was organised as per the directives of the Ayush Manthralaya, Government of India, under the supervision of Mr Shivakumaran K M, GM (HR)/BEL-Bangalore.

The Corporate Office of BEL at Bengaluru celebrated the day with a 2-hour Yoga session conducted by the Art of Living Foundation.

Employees and senior officers of BEL’s Bangalore Complex perform Yogasanas to celebrate International Yoga Day today.

International Yoga Day celebrations at BEL’s Corporate Office.

Yoga Day at BEL Bangalore Complex.

Yoga Day celebrations at BEL Corporate Office.

Hon’ble Raksha Mantri inaugurates 16 MW solar power plant set up by BEL at HVF, Avadi

BEL is establishing energy security for the Ordnance Factory Estates under the Viability Gap Funding (VGF) Scheme by setting up utility scale grid-connected Solar Power Plants. As part of this, a 16 MW (AC) Power Plant, developed in around 80 acres of land, has been set up at an approximate cost of Rs.105 Cr for the annual captive consumption of HVF & Engine Factory (EFA), Avadi, around 25 km from Chennai, Tamil Nadu. The plant will inject power at 110 kV to TANTRANSCO’s 110 kV Sub-Station located around 2.5 km away and is expected to result in annual savings of Rs. 45.41 million for both, HVF and EFA.

This project undertaken by BEL is generating employment for professional, skilled and unskilled labour. In addition, various kinds of maintenance work will also generate employment opportunities for the local population on a regular basis.

The solar power plant will lead to reduction of SO2, NO2 and particulate matter (pm) emissions resulting in improvement in air quality and human health. The Carbon Dioxide avoided due to this Solar Power Plant would be around 26,384 tons/annum.

The Hon’ble Raksha Mantri, Smt Nirmala Sitharaman, with Mr M V Gowtama, Chairman & Managing Director, BEL, after planting a sapling on the occasion of the inauguration of the 16 MW grid-connected Solar Power Plant set up by BEL at Heavy Vehicle Factory (HVF), Avadi, today.

The BEL Academy for Excellence with sprawling complex spread over six acres is built at a cost of Rs.47Crs. This Academy of Excellence is envisaged to address the training needs of not only BEL employees, but also its customers and vendors/partners, especially MSMEs/SMEs. This institution, which will be affiliated to national/international universities, will also cater to the skill development initiatives of the Central Government. The training programmes have been structured around three core areas: Quality, Technology, and Leadership, with various programs designed with the help of experts from major institutes like IITs, IIMs, IISC, IETE, ISI, ASQ etc.

The NABL accredited EMC test facility is set up at BEL-Bengaluru at a cost of Rs.60Crs. This EMC facility is the first of its kind in India having Anechoic Chamber of size 11m x 21m x 30m and can conduct testing of Systems/Platforms weighing up to 70 Tonnes. It can be used to conduct system level Electro Magnetic Compatibility (EMC) tests for strategic Defence systems like Battle Tanks, Communication vehicles, Radar systems and Airborne systems including Nuclear Electro Magnetic Pulse (NEMP) and High Altitude Electro Magnetic Pulse (HEMP) testing. It can be used to carry out system level EMC testing for many projects of national importance like AKASH, IACCS, LRSAM, Weapon Locating Radar and Battlefield Management System. The facility will also be open for use to other Indian Defence companies, including MSMEs.

Near Field Antenna Test Range (NFTR) is a critical infrastructure for calibration and testing of Radars and communication antennas. The NFTR facility at Bengaluru is the third such in BEL and the only one in the Defence industry in India. This facility, set up at a cost of Rs.30Crs will help to calibrate and test next generation Radars with AESA (Active Electronically Steerable Array) based Antenna arrays as well as Antennas for major projects such as QRSAM, MRSAM and LRSAM.

BEL Annual Press Conference held in Bengaluru

FINANCIAL HIGHLIGHTS:

Parameter

2017-18(Audited)

2016-17(Audited)

Turnover (Rs.Cr)

10085

8825

Profit Before Tax (Rs.Cr)

1948

2029

Profit After Tax (Rs.Cr)

1399

1548

Export (US $ Million)

26

65

Turnover Per Employee (Rs.Lakh)

103.69

90.83

Value added per employee (Rs.Lakh)

45.86

39.64

Order Book Value (Rs.Cr)

40115 as on 01.04.2018

40242 as on 01.04.2017

Expenditure on R&D (Rs.Cr)

988

777

HIGHLIGHTS OF 2017-18:

Registered a turnover growth of 14% over previous year

Export turnover of 26 Million USD

Supply commenced for Ground Based Mobile ELINT System and Battlefield Surveillance System

Inauguration of BEL developed Online Inventory Management System for Indian Navy

Excellent “MoU” Rating for 2016-17

Turnover from indigenous technology is 89%

Sales from Defence business is 85%

MAJOR ORDERS EXECUTED:
Some of the significant orders executed during the year include supply of the following products / systems:

Integrated Air Command & Control System

Fire Control System

L70 Gun Upgrade

Akash Weapon System

Weapon Locating Radar

Electronic Fuze

Electronic Voting Machine

Voter Verifiable Paper Audit Trail

Schilka Upgrade

3D Tactical Control Radar

Hand Held Thermal Imager with Laser Range Finder

Battle Field Surveillance System

Advanced Composite Communication System

Submarine Sonar Suite (USHUS 2)

Ship Based EW System (Varuna)

Ground Based Elint

NEW PRODUCTS :
Some of the new products / systems introduced during the year are:

Ground Based Mobile Elint System

Lynx U2 for SNF and P15

Radio on the Move for QRSAM

Advanced Composite Communication System for P15B

Ship Data Network for P16A

Multi Purpose Reflex Weapon Sight

Universal Lab Test Rig for Radar Warning Receiver

Mine Field Recording System

Electronic Voting Machine Mk II

Voter Verifiable Paper Audit Trail Mk II

MAJOR ORDERS RECEIVED :
During the year 2017-18, the Company received many orders. Significant among these orders include:

Progress on diversification initiatives of BEL in the areas of Homeland Security & Smart City Business, Ammunition Fuzes and RF Seekers have been satisfactory. BEL is having revenue inflow in these areas

Strategies and action plans in place to face competition, maintain technological edge and retain leadership position in strategic electronics

Bengaluru

ASHISH KANSAL

May 30, 2018

SR DGM (CORPORATE COMMUNICATION)

Mr Mahesh V is new Director (R&D) of BEL

Bangalore, June 1, 2018: Mr Mahesh V took charge as Director (R&D) of Navratna Defence PSU Bharat Electronics Ltd (BEL) on June 1, 2018. He was working as Executive Director (Technology Planning) at BEL’s Corporate Office before his elevation.

Mr Mahesh joined BEL-Bangalore in March 1985 after completing his BE (Electronics) from R V College of Engineering, Bangalore. In a span of 33 years, he has gained rich experience working in diverse areas of technology.

His first assignment at BEL was the development of Telemetry Systems, Control Systems for antenna tracking of launch vehicles and Timing Systems for the Indian Space Programme, in association with ISRO.

He had a brief stint at D&E Radar before moving to Electronic Warfare & Avionics. During his 12-year stint at the EW&A Strategic Business Unit of BEL-Bangalore, he was involved in the development of Communication ESM & ECM systems, in association with DLRL/DRDO. He was instrumental in the in-house development of communication interception, monitoring & analysis systems for Government agencies. He also led development teams for diversification into other emerging areas of Electronic Warfare.

During his tenure as Additional General Manager (D&E/TCS/Milcom)/BEL-Bangalore from April 2010 to August 2012, Mr Mahesh facilitated collaborative development of various network elements, both in-house and with selected technology partners.

In September 2012, he was promoted as Chief Scientist of BEL’s Central Research Laboratory in Bangalore. At CRL-Bangalore, he led a team of around 230 scientists working in the diverse areas of Communication, Network Systems, Embedded Systems, Radar Signal Processing, Sensor Signal Processing, RF and Microwave Technologies, Communication & Network Security and Cyber Security Solutions for five years.

He was later elevated as Executive Director (Electronic Warfare & Avionics) at BEL-Bangalore. Mr Mahesh has been a part of many expert review committees of various research labs and academic institutes. He has been featured as one of the ‘100 Managers of Excellence’ in the book, titled “100 Managers in Action”, written by Prof T V Rao.

Rejoinder to article in Hindustan Times on 29.5.18 quoting BEL officer

Bengaluru, May 29, 2018:With reference to the news article titled “Glitches in Voting Machines Hit Bypolls in Many States, BJP and Rivals Knock on EC’s Door” published in today’s edition of the ‘Hindustan Times’ on Page 6, a quote purportedly given by Mr Ashish Kansal, Sr DGM (Corporate Communication), Bharat Electronics Limited (BEL), has been carried. In this regard, BEL would like to state that the said quote is a misrepresentation of facts given by Mr Ashish Kansal.

BEL would like to further clarify that all the machines that are supplied to the Election Commission are rigorously tested to conform to the design specifications. Before being used in any elections, all machines are thoroughly checked for their functioning during the First Level Check (FLC) carried out in the presence of the representatives of political parties. Only those machines which clear the FLC are used in elections. Machines which fail during the polling process are thoroughly analysed with the help of the Technical Experts Committee for determining the root cause of the failure. Adequate measures are then taken to avoid recurrence of failures.

BEL signs MoU with Mahindra Defence Systems

CHENNAI, April12, 2018: At DefExpo 2018 being held at Chennai, Bharat Electronics Limited (BEL) and Mahindra Defence Systems Limited committed to a long-term partnership through a MoU, to jointly address emerging opportunities in the domestic market under the policy initiatives of the Government of India, like Make in India and the Export Promotion Policy of the Ministry of Defence to target the export market.

Mr SP Shukla, Group President, Aerospace & Defence Sector, Mahindra Group and Chairman, Mahindra Defence, said, “Both BEL and Mahindra Defence are world-class engineering companies. To give one example, together we have capabilities in mobility, survivability, lethality, electronics and communications, making us ideal partners for new development as well as for upgrade of in service combat vehicles. This partnership can be grown not only to meet the requirements of the Indian Armed Forces but also to target exports to other friendly countries.”

MrGowtama, CMD, BEL, said, “We are pleased to come together. We are keen to bring to the table our in-house expertise as well as technical know-how to the current and future design of new generation defence systems and products We are confident that the two of us will work together to contribute to indigenous defence production.”

3D C/D Band Air Surveillance Radar is a Multi-Function Active Phased Array Radar with Solid state Transceiver for Land and Naval applications. The Radar provides 3 dimensional target data along with Doppler data.

The Radar employs multi-beam in elevation, mono pulse in azimuth, Digital Pulse compression, Pulse Doppler and many Advanced and contemporary Technologies, with very elegant and modular architecture. These technologies enable detection of very low RCS targets from complex land and sea clutter and jamming environment.

3D Air Surveillance Radar antenna is compact and can be accommodated on wheeled vehicles and small ships.

BEL wins AIMA ‘Outstanding PSU of the Year’ Award

Navratna Defence PSU Bharat Electronics Limited (BEL) has won the coveted All India Management Association (AIMA) Managing India Award for the ‘Outstanding PSU of the Year’.

Mr M V Gowtama, CMD, BEL, received the award for BEL from Col Rajyavardhan Singh Rathore, Minister of State for Youth Affairs & Sports (I/C) and Information & Broadcasting, at the awards ceremony held at New Delhi on April 18, 2018.

Mr M V Gowtama, CMD, BEL, receiving the All India Management Association (AIMA) Managing India Award for the ‘Outstanding PSU of the Year’ for BEL from Col Rajyavardhan Singh Rathore, Minister of State for Youth Affairs & Sports (I/C) and Information & Broadcasting, at the awards ceremony held at New Delhi on April 18, 2018.

BANGALORE

ASHISH KANSAL

April 20, 2018

SR DGM (CORP COMN)

BEL wins six Raksha Mantri’s Awards

Navratna Defence PSU Bharat Electronics Ltd (BEL) has won six of the prestigious Raksha Mantri’s Awards for Excellence for the years 2014-15 and 2015-16. Mr M V Gowtama, Chairman & Managing Director, Directors and other senior officers of BEL received the awards from Mr Arun Jaitley, Raksha Mantri, and Mr Subhash Bhamre, Raksha Rajya Mantri, at a ceremony organised in New Delhi on May 30, 2017.

Here are the six awards won by BEL:

Raksha Mantri’s Group/Individual Award for “Indigenisation” for the year 2014-15 under the category On Order Projects for Doppler Weather Radar (S Band Doppler Weather Radar & C Band Polarimetric Doppler Weather Radar) developed by the Development & Engineering (D&E) Division of the Naval Systems 2 (Radar Systems & Fire Control Systems) Strategic Business Unit (SBU), BEL-Bangalore.

Raksha Mantri’s Group/Individual Award for “Design Effort” for the year 2014-15 under the category On Order Projects for LYNX U2 Naval Gun Fire Control System developed by the D&E Division of Naval Systems 2 SBU, BEL-Bangalore, for the Indian Navy.

Raksha Mantri’s Institutional Award for “Best Performance in Export” for the year 2015-16.

Raksha Mantri’s Best Performing Division/Factory/Shipyard Award for the “Best Performing Division” among DPSUs for Naval Systems 2 SBU, BEL-Bangalore, for the year 2015-16.

Raksha Mantri’s Group/Individual Award for “Indigenisation” for the year 2015-16 under the category On Order Projects for the Light Weight Portable Laser Target Designator developed by the D&E Division of BEL-Pune.

Raksha Mantri’s Group/Individual Award for “Design Effort” for the year 2015-16 under the category On Order Projects for the Test Bed for Automated Air Defence Control and Reporting System (ADC&RS) developed by the D&E Division of Network Centric System (NCS) Group/Air Defence Control and Reporting System/NSC SBU of BEL-Ghaziabad, for the field force of the Indian Army.

The Raksha Mantri’s Awards have been instituted to recognise exemplary performance amongst Ordnance Factories and Defence Public Sector Undertakings (DPSUs).

BEL's Chairman & Managing Director M V Gowtama said, "The focus on Indigenization for Self-reliance had continued with more vigour, besides capacity building, expansion and enhanced outsourcing to SME sector. Also, BEL has been able to maintain good order acquisition this year. These efforts will complement BEL tosustain growth, capitalize future opportunities in defence business and to consolidate market leadership".

BEL’s 8 new products launched at DEFEXPO 2018

CHENNAI, April 11, 2018: Eight new products of Navratna Defence PSU Bharat Electronics Limited (BEL) were launched at its stall at DEFEXPO 2018 by the Chief of Army, Gen Bipin Rawat, today in the presence of senior officers of BEL.

The products launched by Gen Bipin Rawat, Chief of Army, are:

100 Mbps Radio

The 100 Mbps Radio Relay Equipment provides reliable and secure telecommunication link in a hostile Electronic Warfare (EW) environment. It is full duplex communication equipment, designed to operate as a multi-channel radio through line-of-sight radio path, for military use. Various kinds of data interface is provided. The equipment is modular in construction for ease of maintenance and repair.

Secure Military Wireless Local Area Network

Secure Military Wireless LAN (SMWLAN) provides secure Wi-Fi end connectivity to clients in Tactical environment. SMWLAN is designed with customized technology aimed to operate at customized frequency within military band, with hardware based gradable secrecy. It can support Data, Voice and Video communication in Infrastructure, Ad hoc and Repeater modes. It is designed to meet highest SAG grading.

Multi-Function Hand Held Thermal Imager

Multi-Function Hand Held Thermal Imager is a cooled TI based fully integrated day/night sight with in-built eye safe Laser Range Finder, Digital Magnetic Compass, Colour CCD and GPS. This equipment is used for long range target location and surveillance and is capable of giving range, azimuth & elevation and also coordinates of the target. This is very useful for Army and Navy for effective engagement of targets.

Long Range Surveillance System

Long Range Surveillance System is a state-of-the-art Long Range Reconnaissance, Observation & Surveillance System jointly developed by IRDE and Bharat Electronics Ltd. The system is capable of day and night operation and in adverse battle field conditions. The system will be extremely useful for Border surveillance and intruder detection. The system is capable of long range detection and identification of targets, their co-ordinates can be passed onto Battery for firing. The system consists of advanced 3rd generation high performance cooled Long Range Thermal imager with 22X Continuous Optical Zoom, high resolution Colour CCD Day Camera with 36X continuous Optical Zoom, Eye Safe LRF, High sensitivity Black and White Spotter Scope camera with Laser See Spot Capability, Advanced Pan and Tilt System with Panoramic Azimuth Pan capability and Ruggedized Control Unit. The Observation System, Network Interface Module and the Control Unit are connected by a cable and video is monitored from the control unit.

Chemical Agent Monitor (CAM)

CAM is a rugged handheld Chemical Agent Monitor (CAM) used mainly to detect, monitor and identify Chemical Warfare Agents in the battlefield and provide audio and visual alarm of a chemical attack. It is capable of detecting all Chemical Warfare Agents (Nerve, Blister, Blood and Choking agents), Toxic Industrials Chemical (TICs) and Toxic Industrial Materials (TIMs), simultaneously. The main features of the product includes Quick response time, detects CW agents, TIC & TIMS, latest SAW based technology, OLED Display & Threshold alarm, External Power, Hand Held Application and meets Military requirements.

Multi-Purpose Reflex Weapon Sight

Multi-Purpose Reflex Weapon Sight is an indigenously designed reflex sight which is a parallax free, compact, light-weight and rugged weapon sight for instant target acquisition. A highly precise reticule, superimposed on the target scene, acts as an aim point for accurate firing. Firer has the advantage of keeping both eyes open during firing with Multi-Purpose Reflex Weapon Sight.

BEL Composite Shelter is designed and manufactured using advanced composite technologies having the lowest tare weight in its class with equally good payload carrying capability. The shelter is suitable for use as light-weight system carrier for various defence applications, especially for mountainous and high altitude deployment.

Mine Field Recording System

Mine Field Recording System (MFRS) is employed for mine laying and demining activities. The system plots and records the co-ordinates of any desired point on ground at which the equipment is taken. It has the capability of backing up the data and to record the details like Location both in terms of Latitude-Longitude, details of Mines including type, Self neutralization period/ self-destruction period, memo and notes, etc.

BEL signs MoU with L&T

CHENNAI, April11, 2018:Bharat Electronics Limited (BEL) and Larsen & Toubro signed an MoUtoday(April11, 2018)in Defexpo 2018 at Chennai to share their expertise in design, development, engineering and manufacturing to develop and produce products and systems to meet the requirement of the defence services as well as for export markets.

MrMVGowtama, CMD, BEL, and seniorofficials from both the organizations were present on the occasion. MrsAnandiRamalingam, Director (Marketing), BEL, and MrJDPatil, Whole Time Director and Senior Executive Vice President (L&T Defence), L&T, signed the MoU.

The MoU sets to define the roles and responsibilities of both the Companiesto co-operate and work in partnership mode for select programmes and thus give a boost to indigenous defence production. This collaboration will support the Make in India mission.

BEL’s Drone Guard System on display at DefExpo 2018

CHENNAI, April 12, 2018: Nowadays, drones are familiar flying objects. As with any other technology, drones are used and misused. Drones are threats to military establishments and strategic civilian locations. Drones are easily launched by adversaries for spying and causing damage to these establishments. Countering such drones is essential for security agencies. BEL has developed an indigenous ‘Drone Guard’ solution to support these agencies.

BEL’s Drone Guard System (DGS) has been configured to detect, track and neutralise the intruding drones. The System utilises RF spectrum to detect the drone and EO-IR sensor to track the drone continuously. The neutraliser is initiated to scan and identify the target’s communication frequencies and generate RF jamming signal to neutralise the target. The System is capable of bringing down the drone by hampering its communication link as well as blinding its GPS source. The System can be operated in semi-automatic / manual mode through user friendly GUIs. This portable and agile system can also be configured to be vehicle mounted as per the User’s requirement.

The Drone Guard System is on display at the BEL Stall in Hall 2 at DefExpo 2018.

BEL wins 5 Governance Now Awards

BEL wins 5 Governance Now Awards

Navratna Defence PSU Bharat Electronics Ltd (BEL) has received five Governance Now Awards: for Business Diversification, Adoption of Technological Innovations, HR Excellence, Environmental Sustainability and Research and Development.

The awards were received for BEL by Mr M M Joshi, Executive Director (National Marketing), BEL, from Mr Mansukh L Mandaviya, Hon’ble Union Minister of State for Road Transport & Highways, Shipping, Chemical & Fertilisers and Mrs Krishna Raj, Hon’ble Union Minister of State for Agriculture and Farmers Welfare at the 5th Governance Now PSU Awards held on February 27, 2018, at New Delhi. The Governance Now Awards recognises the efforts of Public Sector Undertakings (PSUs) that have been key to the country’s growth.

Photo caption:

Mr M M Joshi, Executive Director (National Marketing), BEL (right extreme), receiving the Governance Now Awards for BEL from Mr Mansukh L Mandaviya, Hon’ble Union Minister of State for Road Transport & Highways, Shipping, Chemical & Fertilisers and Mrs Krishna Raj, Hon’ble Union Minister of State for Agriculture and Farmers Welfare at the 5th Governance Now PSU Awards held on February 27, 2018, at New Delhi. Mr Raju Srivastava, popular stand-up comedian is also seen.

Bengaluru

ASHISH KANSAL

March 1, 2018

SR DGM (CORPORATE COMMUNICATION)

BEL to set up Rs. 13.5-crore sewage treatment plant to restore Doddabommasandra Lake

BEL to set up Rs. 13.5-crore sewage treatment plant to restore Doddabommasandra Lake

Navratna Defence PSU Bharat Electronics Ltd (BEL) is setting up a 10 MLD (million litres per day) Sewage Treatment Plant to rejuvenate the Doddabommasandra Lake at a cost of Rs. 13.5 crores. BEL has taken up this initiative — a first-of-its-kind — as part of its Corporate Social Responsibility activities, in collaboration with the Karnataka Lake Conservation and Development Authority (KLCDA), BBMP and the Revenue Department.

The Doddabommasandra Lake contributes to recharge of ground water in the Doddabommasandra watershed region. The lake covers an area of 50.31 hectares (124.35 acres). The Doddabommasandra watershed region replenishes the ground water table of Vidyaranyapura, Govindayyanapalya, Doddabommasandra and Thindlu areas.

Rainfall is the only source of water for this lake, which is presently running dry. Even the water collected during the monsoons is lost due to percolation and evaporation. The lake is fast being depleted of its biodiversity and socio-ecological balance.

BEL proposes to replenish the lake with waste water treated at the proposed plant and create a large water body, rich in biodiversity.

The Sewage Treatment Plant will be designed on the latest ‘Sequential Batch Reactor Technology’ (SBR). This is an advanced version of the well-established ‘Activated Sludge Process’ of the Central Public Health and Environment Engineering Organisation (CPHEEO).

The sewage is fed into the SBR Units for biological treatment involving organic matter degradation, nitrification, de-nitrification and phosphorous removal. The oxygen required for the process is supplied through ‘Fine Bubble Diffused Aeration System’ with auto control of oxygen levels in the basin. The complete operation, including filling of sewage, aeration, sludge recirculation and decanting will be SCADA/PLC-controlled.

The treated water, after meeting Pollution Control Board norms, will pass through the wetland comprising aquatic plants before flowing into the lake.

BEL will construct the sewage treatment plant in the next 18 months and will maintain it for a period of 20 years.

Benefits to stake holders

The benefits of such a plant include recharging of ground water, reduction of sewage load on the BWSSB treatment plant, improved ground water table in areas in and around the lake which is home to a population of about 3 lakhs, prevention of pollution due to untreated sewage, favourable conditions for the growth of fauna and flora, improved micro climatic conditions leading to a balanced ecological system, new recreational opportunities for fishing, bird watching and educational visits.

Bengaluru

ASHISH KANSAL

February 17, 2018

SR DGM (CORPORATE COMMUNICATION)

New General Manager (Finance) takes charge at BEL-Corporate Office

Mr Visvanathan Muralidharan has taken charge as General Manager (Finance) at the Corporate Office of Navratna Defence PSU Bharat Electronics Ltd (BEL).

Mr V Muralidharan is a Management Accountant of the 1987 batch of the Chartered Management Accountants Institute, UK. He joined BEL in July 1989 after a brief stint with Life Insurance Corporation of India. He also possesses additional qualification in Management and Insurance.

Mr V Muralidharan has served BEL in various capacities, both at the Company’s Bangalore Complex and Corporate Office. He has handled diverse areas of Finance like Costing, Budgeting, Compilation and Treasury. He has rich experience in Treasury Management and handling complex issues with banks/financial institutions and credit rating agencies. He has been instrumental in bringing about several systemic changes in Treasury Management in the Company. He has also handled a few Capital Restructuring exercises like Bonus, Buyback and Stock Split. He is also a member of the Corporate Risk Management Committee.

BEL CMD conferred Amity Leadership Award

Mr Gowtama M V, Chairman & Managing Director of Navratna Defence PSU Bharat Electronics Ltd (BEL), and BEL have been conferred the ‘Amity Leadership Award for Business Excellence’ by the Amity School of Engineering and Technology, Uttar Pradesh. The award was received by Mr M M Joshi, Executive Director (National Marketing), BEL, at the IEEE Conference held recently at Amity University, Noida. Under the able leadership of Mr Gowtama M V, CMD, BEL has leveraged its capabilities in IT to make immense contributions to the field of Surveillance and Defence industry.

Raksha Mantri visits BEL

The Hon’ble Raksha Mantri, Smt Nirmala Sitharaman, made her maiden visit to the Bangalore Complex of Navratna Defence PSU Bharat Electronics Ltd and had a first-hand glimpse of the facilities here today, January 9, 2018. The Hon’ble Raksha Mantri also had detailed discussions with the BEL Management on both ongoing and futuristic projects of the Defence major.

Smt Nirmala Sitharaman was given a Corporate overview covering the business profile, infrastructure and manufacturing and testing facilities, manpower, Research & Development and Quality initiatives, and business performance of BEL.

The Hon’ble Raksha Mantri visited the outdoor test facility of Military Radar and Missile Systems Strategic Business Units. She appreciated the dedication and hard work put in by the women employees of BEL involved in the Akash Missile project and other radar projects. Smt Nirmala Sitharaman also visited the new Near Field Test facility, Microwave Supercomponents and Coastal Surveillance System facilities at BEL-Bangalore and appreciated the work done by BEL in Defence electronics.

The highlight of BEL’s product display was the upgraded L70 Gun which has been designed, developed and manufactured by BEL for the Indian Army. The L70 gun upgrade is a fusion of the latest technologies in the areas of electrical servo drives, Electro Optical Fire Control System and video tracking, which only a few global companies have mastered.

Other BEL products/systems showcased at the Thailand exhibition included Land and Naval Radars, Communication Equipment, Night Vision Devices /Electro Optic equipment, Naval Fire Control Systems, Shipborne Systems including Naval EW Systems and Sonar Systems, Simulators and Air Defence Weapon System. Also on display was the Coastal Surveillance System developed by BEL for the Indian Coast Guard to provide maritime security to vulnerable ports and installations and help thwart terrorists’ attempts to sneak into the country via sea route.

Defense & Security 2017 is the 8th biennial edition of the show which is considered a ‘must-attend’ for military and security related companies looking to do business in the ASEAN market.

Navratna Defence PSU Bharat Electronics Ltd (BEL) has paid a total dividend of 225% to the Government of India for 2016-17.

Mr Gowtama M V, Chairman & Managing Director, BEL, presented the 105% Final Dividend cheque of Rs. 159,91,95,056.55/- (Rupees One hundred fifty-nine crores ninety one lakh ninety-five thousand fifty-six and fifty-five paise only), payable on the shares held by the President of India and Government nominee, to the Hon’ble Defence Minister, Mrs Nirmala Sitharaman, at New Delhi on November 10, 2017. The first Interim Dividend of 30% (on face value of Rs. 10 per equity share) was paid to the Government of India in January 2017 and second Interim Dividend of 90% (on face value of Re. 1 per equity share) was paid to the Government of India in March 2017.

BEL showcases ‘Made in India’ Defence systems at DSEI 2017, London

Navratna Defence PSU Bharat Electronics Ltd (BEL) is showcasing its capabilities at the Defence and Security Equipment International (DSEI) 2017 exhibition being held from September 12-15, 2017, at ExCel London, Royal Victoria Dock, 1 Western Gateway, London E16 1XL, UK.

The highlight of BEL’s display is Akash Weapon System, the medium-range, surface-to-air missile Defence system, and Weapon Locating Radar, the field artillery radar system developed for the Indian Army. Subsystems of Akash such as Troop Level Radar, Troop Control Centre, Troop Level Radar Power Supply, Missiles and Missile Launcher, along with Weapon Locating Radar are on show at BEL’s outdoor display at the India Pavilion, Stand No. N6-110.

The Akash Weapon System is a great success story of the ‘Make in India’ initiative: barring a few electronic components, every bit of Akash has the ‘Made in India’ tag. The Akash Weapon System is a role model for Public-Private Partnership. The missile system has been realised through professional project management spearheaded by BEL. While the Radars, Control Centres, Simulators, associated support systems and the integrated software for the system are provided by BEL, the missiles are from Bharat Dynamics Limited and remaining sub-systems are manufactured and supplied by other private industry players.

BEL has won four PSE Excellence Awards

Navratna Defence PSU Bharat Electronics Ltd (BEL) has won four PSE Excellence Awards 2016, instituted by the Indian Chamber of Commerce: first prize in the Maharatna & Navaratna category for Operational Performance Excellence and second prizes in the Maharatna & Navaratna category for R&D, Technology Development and Innovation, Corporate Social Responsibility & Sustainability and Corporate Governance. Mr M M Joshi, ED (National Marketing), received the awards on behalf of BEL from Mr T N R Rao, former Petroleum Secretary, at the awards function held at New Delhi on September 7, 2017.

BEL wins Excellence Awards

Navratna Defence PSU Bharat Electronics Ltd (BEL) has won two awards at the Manufacturing Today Conference & Awards (2017), organised at Pune on September 22, 2017.

Mr Manoj Kumar, General Manager of BEL’s Kotdwara Unit, received the runner up award in the ‘Plant Head of the Year for 2017’ category. BEL’s Chennai Unit won the runner-up award in the ‘Excellence in Engineering Design 2017’ (Large) category for Solid State Convertor fitted in BMP-II tank. Mrs Padmini Sivasankaran, Sr DGM (D&E)/BEL-Chennai, and Mr Srinivasan, Deputy Manager (D&E)/BEL-Chennai received the awards on behalf of BEL-Chennai.

Now in its 6th year, Manufacturing Today Conference & Awards recognises outstanding efforts of individuals and companies in the manufacturing business.

BEL wins ASSOCHAM Excellence Award for ‘Responsible Organisation’

Navratna Defence PSU Bharat Electronics Ltd (BEL) has won the first prize in the ‘Responsible Organisation Excellence Awards’ 2016-17 (PSU category), instituted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM).

Mr Gowtama M V, CMD, BEL, and Mr M M Joshi, Executive Director (National Marketing), BEL, received the award from Mr Arjun Ram Meghwal, Hon’ble Minister of State for the Ministry of Parliamentary Affairs & Ministry of Water Resources & Ganga Rejuvenation, at the 9th Global CSR Summit, “Responsible Business: Building New India”, organised by ASSOCHAM on Wednesday, September 27, 2017, at New Delhi.

New Director (Finance) takes charge at BEL

Mr Koshy Alexander has taken charge as the new Director (Finance) of Navratna Defence PSU Bharat Electronics Ltd (BEL) on September 25, 2017. He was GM (Finance) & Chief Financial Officer before his elevation.

Mr Koshy Alexander joined BEL-Bangalore in June 1986 as Accounts Officer after completing his Chartered Accountancy, securing the 19th and 16th ranks in the CA Inter and Final examinations, respectively. A Fellow of the Institute of Chartered Accountants of India, he had completed his B.Com from Bangalore University with 2nd Rank. He is also a post-graduate in Commerce and degree in Law from Bangalore University.

Mr Koshy Alexander took over as GM (Internal Audit)/BEL-Corporate Office on December, 2012. He later served as GM (Finance)/ BEL-Corporate Office from June 2014.

Mr Alexander has served as Finance Head of many of the BEL’s Strategic Business Units of Military Radar, Naval Systems, Components etc., and also headed the Finance of BEL-Ghaziabad Unit. He had also served as Assistant Regional Manager at BEL’s New York Office.

Mr Alexander played a key role in Capital structuring and integration of technology in the business process. He has managed the financials of major Defence contracts. He has attended Advanced Management Programme on sustainable development in Europe.

BEL signs MoU for FY 2017-18 with MoD

Bharat Electronics Limited, a Navratna schedule 'A' CPSE under the Department of Defence Production, Ministry of Defence, Government of India, has signed the Memorandum of Understanding (MoU) for the FY 2017-18 with its ministry. The annual MoU was signed between Mr Ashok Kumar Gupta, IAS, Secretary, Defence Production, Govt of India, and Mr Gowtama M V, CMD, BEL. In addition to revenue from operations, additional focus has been given to Turnover from Exports, increase in Indigenous Content, CAPEX, Monitoring of CAPEX Projects, Reduction in Trade Receivables, and HR related parameters.

BEL wins D&B Top PSU Award 2017

BENGALURU, July 28, 2017: Navratna defence PSU Bharat Electronics Limited (BEL) has won Dun and Bradstreet India’s Top PSU Award 2017 in the Manufacturing: Medium and Light Engineering Sector category. Shri M M Joshi, Executive Director (National Marketing), BEL, received the award on behalf of BEL from Mr. Neeraj Kumar Gupta, Secretary, Department of Investment & Public Asset Management, Ministry of Finance, Government of India, at the awards ceremony held at New Delhi on July 25, 2017.

Bengaluru, 15th May 2017 : With reference to the news story published on web portal(s) stating therein that a team of Bharat Electronics Ltd (BEL) would be participating in demonstration cum Hackathon of EVMs being organised by Botswana Election Commission on 18th of this month, BEL states that this news story is completely baseless and false.

BEL categorically states that it has not sold any EVMs or VVPATs to Botswana Election Commission. Botswana Election commission has invited team of BEL to show only the functionality of EVMs and VVPATs designed to meet the specific requirements of Botswana Government. These EVMs and VVPATs are different from the ones which are used by Election Commission of India.

No Hackathon event involving any EVM of BEL has been planned or scheduled by it. Therefore, Press Note issued by Botswana Election Commission is without our approval / consent and facts stated therein are completely false and incorrect.

(M V Gowtama)

(Chairman & Managing Director)

BEL contributes for Smart India Hackathon 2017

Bengaluru, April 3, 2017: BEL participated in the grand finale of Smart India Hackathon 2017, a 36-hour non-stop event promoted by the Ministry of HRD, Government of India and All India Council for Technical Education (AICTE), as a sponsor.

BEL also nominated judges for the hackathon, a first-of-its-kind computer programming competition meant to identify new and disruptive digital technology innovations for solving various challenges faced by the country. The event was organised with an aim to harness the creativity and expertise of students from all over India.

Solutions to some of the problem statements given by the Ministry of Defence were attempted by students gathered for the Bangalore chapter of Smart India Hackathon 2017, Sri Venkateshwara College of Engineering, Bangalore, on April 1 and 2, 2017. Smart applications developed by the students are expected to help address real-time problems of the Defence industry. The winners were awarded cash prizes and certificates by Mr Gowtama M V, CMD. The winning team members stand a chance to be part of the NASSCOM’s 10,000 Startups Programme.

BEL Achieves Turnover of Rs. 8,800 Crores

BENGALURU, April 1, 2017: Navratna Defence PSU Bharat Electronics Limited (BEL) has ended the year 2016-17 by registering whopping top line figure of about Rs.8,800 Crores (provisional), a growth of about 17% over the previous year’s turnover of Rs. 7,522 Crores.

Some of the flagship projects executed during the year include Akash Weapon System, Hand held Thermal Imager with Laser Range Finder, 3D Tactical Control Radar, Weapon Locating Radar, Upgraded L-70 Guns, Fire Control systems, Hull Mounted Sonar, Radio Relays, Elements of Integrated Air Command and Control system, Ship Borne EW systems, etc.

BEL’s Chairman & Managing Director M V. Gowtama said, “During the year the company’s main focus has been on Indigenization to achieve self reliance, capacity building & expansion and increased outsourcing to SME sector. Also, BEL has been able to maintain good order acquisition this year. These efforts will enable BEL to continue to have sustained growth while effectively addressing future opportunities in defence business.”